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Brent Oil · UKOIL

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Brent Oil: Descending Channel

UKOIL, 4 hours    LONG Jul 4
UKOIL shapes a descending channel, the price calls for a more steady move as an indication of a breakout. A descending channel provides a useful bullish price pattern that is angled down that indicates a next move up once price breaks out to the the upside. UKOIL dives out bearish trendline towards 76 as the commodity becomes bullish.
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Brent Oil: Descending Channel

UKOIL, 1 hour    LONG Jan 11
As we can see a descending channel is distinguished, the price is breaking out. A descending channel tends to be a reliable indicator that often identifies a bullish price move once price breaks above resistance. A further bullish price action towards 78 is probable once beyond 77.8 as UKOIL becomes bullish.
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Brent Oil: Bullish Rectangle

UKOIL, 4 hours    LONG Aug 4
As we can see a bullish rectangle is encountered and UKOIL asks for a next strong bullish continuation as proof of a breakout. A bullish rectangle is believed to be a bullish pattern that typically spots a next move up when price breaks through the resistance. UKOIL targets a move to the 86 level on a breakout of the bullish rectangle.
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Brent Oil: Descending Channel

UKOIL, 1 hour    LONG Aug 18
It looks like a descending channel is close to being complete and the price is going to break out soon. A descending channel tends to be a reliable price signal that typically predicts a break in the price direction when price breaks above resistance. It is likely that a bullish continuation towards 84.5 will happen on a breach of 84.2.
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Brent Oil: Descending Channel

UKOIL, 1 hour    LONG Jan 17
A descending channel has been determined, UKOIL asks for a bit more consolidation for the certainty of breakout. A descending channel identifies a bullish price move when price breaks above resistance. UKOIL to turn bullish to 78.5 on a breakout of the descending channel as UKOIL becomes bid.
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Brent Oil: Descending Channel

UKOIL, 1 hour    LONG Oct 12
As we can see a descending channel develops. A descending channel often results in that the price to go up if price breaks out to the the upside. UKOIL to resume its rise towards 87.
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Brent Oil: Descending Channel

UKOIL, 1 hour    LONG May 23
It seems like UKOIL composes a descending channel and the price is close to breaking out. A descending channel often spots a further move up if price breaks out. It is not ruled out that a further bullish continuation to 76.5 will happen on a breakout of the descending channel as UKOIL nears 76.4 hurdle.
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Brent Oil: Ascending Triangle

UKOIL, 1 hour    LONG Dec 18
We can see that an ascending triangle materializes and the price requires a more strong bullish action as a sign of a breakout. In case if price breaks above resistance, the move could identify that the price to go long. UKOIL to jump to 77.5 as minor hurdle remains at 77.2.
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Brent Oil: Ascending Triangle

UKOIL, 1 hour    SHORT Jan 8
There is an ascending triangle determined and the price expects a further strong move as a clue of a breakdown. If price breaks out to the the downside, the move could indicate a next move down. There is a possibility of a rangebound towards 78.
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Brent Oil: Ascending Channel

UKOIL, 1 hour    SHORT Mar 7
It looks like an ascending channel materializes and UKOIL requires a steady move for the certainty of breakdown. An ascending channel signals the bulls have run out of steam in case if price collapses through the support line. A bearish move to the 84.5 level looks likely on a breakout of the ascending channel as minor hurdle remains at 85.1.
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Brent Oil: Descending Channel

UKOIL, 1 hour    LONG Oct 13
A descending channel is very close to being completed. A descending channel is believed to be a reliable price pattern that indicates a further move up when price breaks through the resistance. UKOIL to grind higher to the 87.5 zone on a breach of 87.2.
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Brent Oil: Descending Triangle

UKOIL, 1 hour    LONG Mar 8
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